Supply Chains and Trade Routes Disrupted Because of Major Climate Event

Breaking News:

Unprecedented Methane Emissions and Global Heatwaves

Options

Take trade finance deals that are only through the Northern Sea Route

Continually assess and stress test our climate-related financial risk exposures to make sure we are not at risk from defaults as a result

Run 360 reviews of all risk exposures, including climate and security/cyber risk to ensure we have mitigations in place

Nothing – we didn’t know the financial risk from climate exposure because we were waiting for regulators to tell us what to measure and now it’s too late

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CHINA: Initiating large-scale population relocation to areas less affected by extreme temperatures under the Belt and Road infrastructure.

NORTHERN SEA ROUTE: Rise in methane emissions due to increased shipping traffic, exacerbated by port closures from cyber-attacks.

EUROPE: Experiencing record temperatures, contributing to the heat dome phenomenon impacting the region.

SOUTH ASIA: Regions facing life-threatening heat levels, driving local populations to seek cooler climates.

NORTH AFRICA: Sharp temperature increases leading to severe heatwaves across various parts.